What is a Short Sale??? Simply put it is a real estate sale that is … Short. Short in the sense that there is not enough equity to pay the lender in full … so the seller is short in their pay off … meaning that the lender or bank will have to agree to accept less than what is owed to them. Short sales have become quite the common place in this market that we are in , if you own more than what your home is currently worth and need to sell your home … call a Realty Professional to make sure that you “Qualify” to do a short sale. Call now 855-955-SOLD (7653)
Realty Professionals 855-955-SOLD (7653)
Here is an example of a Bank of America Short Sale that we closed that has a complete log entry from the beginning to the end (Click here on the link). Now please keep in mind that this was the third buyer, we worked this listing for 2 years as both of the first two Buyers did not follow through with the process. The first buyer after 8 months had purchased another property (without telling us) when we got the final approval. The second buyer lost their job during the process of the short sale approval, unfortunately it was a few days prior to funding the loan, the lender could not fund the loan due to the Verification process of employment. The Actual Buyer was represented by another agent in our office and they kept the buyer in the deal and we closed the escrow. The Buyer is extremely happy and loves the home! The difference between dealing with an average agent and a Realty Professional! Only accept the Best! Call a Professional! 855-955-SOLD (7653)
Realty Professionals 855-955-SOLD (7653)
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